Mr. Nicolas Marion at the Industry, Science and Technology Committee

On November 7th, 2024. See this statement in context.

November 7th, 2024 / 9:25 a.m.

Senior Director, Payments Policy, Financial Services Division, Department of Finance

Thank you for the question.

Businesses with annual sales including a maximum of $300,000 in payments made with the Visa credit card or $175,000 in payments made with the MasterCard could benefit from the reduced interchange fee, which is an average of 27% within the framework of the agreement.

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